Pennsylvania Protects Consumers in Reaching Settlement with Life Insurance Company TIAA-CREF
PR Newswire Association LLC |
This is the sixth in a series of multi-state settlement agreements requiring insurers to pay life insurance beneficiaries in a timely manner. TIAA-CREFF must implement business practices that use the
"The business reforms in this agreement benefit consumers by requiring companies to invest resources into efforts to locate beneficiaries of life insurance policies," Insurance Commissioner
This settlement agreement was reached through the coordinated efforts of six state insurance departments:
To see a copy of the full settlement agreement, visit www.insurance.pa.gov and click on the "consumer protection" tab.
Consumers with insurance questions should call the department's toll free number at 877-881-6388.
Media contact:
SOURCE
Wordcount: | 205 |
Loan Participations; Purchase, Sale and Pledge of Eligible Obligations; Purchase of Assets and Assumption of Liabilities
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News